Closed life specialists look forward to European boom

The consolidation of closed life books is taking off in continental Europe, repeating the experience of the UK a decade ago. Solvency II is part of the reason, but also makes life trickier for buyers who must watch out for capital traps

big-fish-eating-little-fish2
Snap-happy: large firms are buying up closed books of business

It's a tough time to be a minnow in insurance. The challenging economic climate makes this the age of the big fish – those able to withstand the dual pressures of a squeeze on investment returns and an increasing regulatory capital burden. It's also better to be big and nimble rather than big and clunky. With capital and liquidity at a premium there is no room for dead weight in the business, and companies unable to streamline effectively are liable to starve themselves of resources before long

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here